Does Closing A Bank Account Affect Credit Score

Closing a bank account could affect your credit score

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Closing a bank account usually doesn't affect your credit score. But if you close an account with overdraft fees, it might. The bank could report your overdraft debt to a collection agency. The collection agency would report the debt to your credit, hurting your credit score.

Banks also have a "hidden" credit report called Chex that they report debt to. Once the debt is on your Chex report, no bank in the United States will work with you until it's paid back.

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In some cases, we recommend speaking with a Credit Repair professional to analyze your credit report. It's so much less stress, hassle, and time to let professionals identify the reasons for your score drop.

If you're looking for a reputable company to increase your credit score, we recommend Credit Glory. Call them on (866-259-0327) or setup a consultation with them. They also happen to have incredible customer service.

Credit Glory is a credit repair company that helps everyday Americans remove inaccurate, incomplete, unverifiable, unauthorized, or fraudulent negative items from their credit report. Their primary goal is empowering consumers with the opportunity and knowledge to reach their financial dreams in 2020 and beyond.

Improve Your Credit Score, Today!

Schedule FREE ConsultationCall 866-259-0327

Increase Your Credit Score Today!

Schedule My FREE ConsultationCall 866-259-0327